Oxley unit, former contractor in dispute over The Peak project
Oxley Gem (Cambodia) is seeking compensation for alleged breaches of obligations; SGW is counter-suing
Singapore
A UNIT of Oxley Holdings has started legal proceedings against its former contractor, Sino Great Wall Engineering Co (SGW), in a dispute over its project The Peak in Cambodia.
On April 1, Oxley Gem (Cambodia) commenced formal legal proceedings in Singapore against SGW to seek compensation for alleged damages suffered due to SGW's repeated breaches of its obligations, Oxley said in a filing to the Singapore Exchange late Thursday night.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
TikTok tells advertisers: ‘We are not backing down’
EV automakers get reprieve in US tax credit rules
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal
BHP’s biggest rivals sit on the sidelines of Anglo M&A drama